Prudential California Realty
Unfortunately both of these answers below are in accurate. Transfer value is a value utilized ONLY when a home is foreclosed on and taken back by the lender (If a home was sold in any way that would be a "sales price" or "purchase price" value). When a title transfer is made a dollar amount has to be associated with the transfer. That is what the transfer value is. Some lenders make the number representative of the amount owed, the default amount, etc, but most importantly the transfer value has NO representation of what the value of the property is or what the lender will be willing to accept as suitable payment for the property.
As a territory manager for Realtytrac (publisher of this information) you can ensure that the answer above is accurate.
If you have any further questions please feel free to give me a call.
Next Level Realty
Yes this is a foreclosure and is being sold at that price.
Please feel free to call or email me with any questions about homes in Corona or Eastvale.
Lydia Kray- Corona/Eastvale Realtor area specialist